Lemonade valued at $1.6B after IPO. The company uses AI and distributed ledger technology to lower the cost of consumer property and casualty insurance. It set its price at $29 per share and raised $319 million by selling 11 million shares. [Built In NYC]
Lululemon to purchase Mirror. Mirror sells high-tech mirrors that allow users to stream live and on-demand workout classes for $39 a month. Lululemon will be purchasing the company for $500 million. [Built In NYC]
Owkin closed on $18M. It applies machine learning to medical research. Mubadala Capital and Bpifrance provided the Series A extension. [Tech.eu]
Bookshop helping independent bookstores. The nonprofit platform launched earlier this year and provides free e-commerce storefronts and fulfillment to indie bookstores, backed by book distributor Ingram. It also offers an affiliate program that benefits bookstores, and has seen a surge in business thanks in part to the pandemic. [Inc.]
Andela goes fully remote. It helps tech companies build remote engineering teams and find talent from hubs in Africa. Along with closing its physical campuses, it’ll extend its reach further across the African continent. [TechCrunch]
